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Home Oracle 1z0-520

Oracle 1z0-520 Exam Practice Questions (P. 3)

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Question #11
A multinational company is setting up the sourcing rules and approved supplier list (ASL) to source inventory items across different organizations.
Which two statements are true? (Choose two.)
  1. A
    You do not need to create a local ASL if you create a Global ASL
  2. B
    Inventory organizations used in the sourcing rules must be set up in the Shipping Networks.
  3. C
    You need to match the supplier between a sourcing rule and an ASL, but not the supplier site.
  4. D
    The country of origin must be entered in the ASL, or it would not be available on the purchasing document.
  5. E
    A commodity can be assigned to a supplier at both the global level and at the local level, and the local level assignment takes precedence.

Correct Answer:
BE

Question #12
Which control option prevents changes or additions to the purchase order or release, but maintains the ability to receive and match invoices?
  1. A
    Hold
  2. B
    Firm
  3. C
    Close
  4. D
    Freeze
  5. E
    Finally Close

Correct Answer:
D

Question #13
An approved supplier list (ASL) is being defined in a multiorganization environment, which two statements are valid?
  1. A
    Setting up a Global ASL is mandatory.
  2. B
    If a supplier item has a local ASL setup, you cannot set it up on a Global ASL.
  3. C
    The supplier for an item-supplier association must be global, while the supplier site can be local.
  4. D
    Company X has set up Planning would source planned orders. The approval status of the supplier can be set to New or Approved.

Correct Answer:
CD

Question #14
The buyer decides to automatically update and create sourcing rules, as part of the blanket purchase agreement approval process. However, on clicking the
Approve button, the buyer does not see any option to update and create blanket purchase sourcing rules.
Which profile option has the buyer failed to set up?
  1. A
    PO: Automatic Document Sourcing
  2. B
    MRP: Default Sourcing Assignment Set
  3. C
    PO: Allow Auto-generate Sourcing Rules
  4. D
    PO: Allow Autocreation of Oracle Sourcing Documents

Correct Answer:
C

Question #15
A medium-sized multinational company based in US has two business groups (B6), BGI (for US) and B62 (for Europe), with position approval hierarchies HI and
H2, respectively.
The company has a policy that only the Controllers and those above them can approve capital Items on requisitions and purchase orders. However, the Purchase
Manager (who reports to the Controller) must also be able to authorize capital purchases.
The account range for capital items is: 2000-2599.
The relevant approval limits are:
1) Purchase Manager in both BGs: $100,000
2) Controller in BGI: $500,000
3) Controller in BG2: $200,000
Which two options represent a valid and efficient approval process? (Choose two.)
  1. A
    An employee in B62 raises a requisition for $5000. This is verified by the employee's manager and forwarded to the group Controller in BGI who approves it.
  2. B
    An employee in BG2 raises a capital requisition for $250,000, which is verified by the employee's manager and then forwarded to the group Controller in BG2 who approves it.
  3. C
    The buyer hi BGI raises a standard purchase order for $250,000 with the charge account 2106. The Purchase Manager verifies it and forwards it to the controller in BGI who approves it.
  4. D
    A buyer in BG2 raises a purchase order for $10,000 with charge for inventory items to be stocked in an asset subinventory. The Purchase Manager in BG2 verifies and forwards it to the Controller in BG2.
  5. E
    The shop floor supervisor in BGI raises a requisition for a new drilling machine for $250,000. The supervisor's manager (Production Manager) verifies the requisition and forwards it to the Controller in BGI for a final approval.
  6. F
    The Purchase Manager in BG2 raises a requisition for $5000 for computer equipment. The Controller in B62 approves it and instructs the buyer to ensure a 2-

Correct Answer:
CF

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